EUR/USD analysis for December 05, 2018

Trading 05 déc 2018 Donner votre avis

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1318. Anyway, according to the H1 time – frame, I found rejection of the yesterday's low at the price of 1.1318, which is a sign that sellers don't have power for further downward continuation. I also found a hidden bullish divergence on the LBR oscillator, which is another sign of the strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1415.

The material has been provided by InstaForex Company - www.instaforex.com

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